Trainee Underwriter, Equine

Job Summary

To support the Equine team and the Underwriting Support Assistant team in delivering high-quality client service, ensuring new and renewal business is processed to agreed service standards.

About the Team

The Equine team provides comprehensive Equestrian & Bloodstock insurance and reinsurance protection for clients worldwide. Convex is unique in the London insurance market in that its Underwriters have first-hand practical equine experience, providing insight into the requirements of this niche sector.

Key Responsibilities

Reporting directly to the Head of the ELA Team, your key responsibilities will include:

• Build and maintain strong working relationships with Underwriting teams, ensuring Underwriting management is regularly communicated with and kept up to date.
• Support the Underwriting Support Assistant team, which takes ownership of administration and referrals.
• Develop an understanding of the Equine line of business.
• Complete pre-underwriting calculations and work as directed by the Underwriter.
• Attend peer review meetings and participate in discussions on risks within the division.
• Ensure peer review packs/meeting preparation is completed and logged on the Underwriting system.
• Produce and collate data for business planning.
• Manage the flow of bound risks received from the Underwriters.
• Run Underwriting and MI reports as required.
• Ensure all processing and credit control queries are answered within SLA timeframes.
• Provide general assistance to Underwriters with administrative duties.
• Liaise with brokers upon request, as well as with internal departments such as credit control, claims, and compliance.
• Work with Underwriting teams to ensure efficient working practices, including identifying process improvements, providing feedback to reduce rework or errors, and escalating any blockages to the team leader.
• Be aware of the regulatory impact and ensure all underwriting activity is within guidelines at all times.
• Learn the technical aspects of pricing and insurance terms and conditions alongside and within the Underwriting team.
• Understand market and competitor dynamics.
• Work within the Company’s code of conduct.

Requirements

• 1 to 2 years of insurance experience, alongside a passion for the equestrian industry.
• Very strong numeracy and analytical skills.
• Strong verbal and written communication skills.
• Ability to use discretion to resolve issues.
• Continuous improvement mindset.
• Ability to work flexibly to complete duties, particularly during peak underwriting periods.
• Proven ability to prioritize and organize effectively.
• Proven ability to work with speed and accuracy, particularly under pressure.
• Experience supporting work allocation and working to SLAs/tight deadlines.
• Proven experience building and maintaining good working relationships.
• Committed to developing a career in Underwriting and studying, or committed to studying CII exams.